There’s an iPhone supply shortage looming, according to Apple
While Apple was fully anticipating its iPhone production to be impeded by factory closures brought about by the coronavirus, the company’s latest investor report warns that the impact is greater than initially expected.
After announcing that Apple is “more than doubling” its donations to help aid relief efforts, the report continues to mention that there is a “slower return to normal conditions than [Apple] had anticipated” and that the company no longer expects to meet the revenue projection it laid out for the quarter.
There are two major reasons for this. The first factor, and the one most pertinent to the Western market, is that Apple expects that its “worldwide iPhone supply will be temporarily constrained” due to the relevant facilities ramping up more slowly than expected.
The other issue cited is that the demand for the company’s products in general has been diminished across China, and the ability to keep Apple Stores open in the country has been affected.
This is far from an isolated case in the tech industry, with the 2020 Mobile World Congress (MWC) getting cancelled entirely due to a succession of major brands pulling out as a result of the virus.
The Cupertino firm takes great pains to emphasize in the report that any disruption to the business is only temporary, and that the company is “fundamentally strong”, so it remains to be seen how severe any supply shortages may be.
While Apple was fully anticipating its iPhone production to be impeded by factory closures brought about by the coronavirus, the company’s latest investor report warns that the impact is greater than initially expected. After announcing that Apple is “more than doubling” its donations to help aid relief efforts, the report…
Recent Posts
- Surprisingly cheap Pro monitor provides unique features that even Apple Studio display doesn’t — AOC’s new monitors offer KVM capability, a whopping 11 ports and Hollywood-grade Calman software compatibility
- After 16 years, Ecobee is shutting down support for the original smart thermostat
- FDA qualifies Apple Watch’s AFib history for use in clinical studies
- Amazon CEO’s anti-union comments broke federal laws, labor judge rules
- The last thing the iPad needs is a spec bump
Archives
- May 2024
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- December 2011